Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    ISO 37001: An Introduction to Anti-Bribery Management Systems
    ISO 37001: An Introduction to Anti-Bribery Management Systems
    ISO 37001: An Introduction to Anti-Bribery Management Systems
    Ebook81 pages1 hour

    ISO 37001: An Introduction to Anti-Bribery Management Systems

    By Alan Field

    ()

    Read preview

    About this ebook

    When is a gift not a gift? When it’s a bribe.

    For many, corporate hospitality oils the wheels of commerce. But where do you draw the line?

    Bribes, incentives and inducements are not just a matter of used banknotes stuffed in brown envelopes. Expenses, corporate settlement of personal bills, gifts and hospitality can all be used to influence business partners, clients and contractors.

    Can you afford unlimited fines?

    Under the Bribery Act 2010, a maximum of ten years’ imprisonment and an unlimited fine may be imposed for offering, promising, giving, requesting, agreeing, receiving or accepting bribes.

    With such strict penalties, it’s astonishing that so few companies have few or no measures in place to ensure that they are not liable for prosecution. The Ministry of Justice’s quick start guide to the Bribery Act makes it clear that “There is a full defence if you can show you had adequate procedures in place to prevent bribery”.

    Such procedures can be found in ISO 37001, the international standard for ABMSs.

    How to implement an ABMS

    ISO 37001: An Introduction to Anti-Bribery Management Systems explains how to implement an ABMS that meets the requirements of ISO 37001, from the initial gap analysis to due diligence management, and covers the following:

    • An introduction to ISO 37001.
    • An ABMS explained.
    • Management processes within an ABMS.
    • Implementing an ABMS.
    • Risk assessment in due diligence.
    • Whistleblowing and bribery investigations.
    • Internal auditing and corrective action.
    • Certification to ISO 37001.

    The book provides helpful guidance on the importance of clearly defining policies; logging gifts and hospitality in auditable records; ensuring a consistent approach across the organisation; controls for contractors; facilitation payments; and charitable and political donations.

    Meet the stringent requirements of the Bribery Act

    Not only will an ISO 37001-compliant ABMS help your organisation prove its probity by meeting the stringent requirements of the Bribery Act but it can also be adapted to most legal or compliance systems.

    An ethical approach to business is not just a legal obligation but a way to protect your reputation.

    LanguageEnglish
    Publisheritgovernance
    Release dateNov 7, 2017
    ISBN9781849289559
    ISO 37001: An Introduction to Anti-Bribery Management Systems
    Author

    Alan Field

    Alan Field, LL.B (Hons), PgC, MCQI CQP, MIIRSM, AIEMA, GIFireE, GradIOSH is a Chartered Quality Professional, an IRCA Registered Lead Auditor and Member of The Society of Authors. Alan has particular expertise in auditing and third party assessing Anti-bribery Management Systems (ABMS) to BS10500 and counter fraud systems in the public sector to ISO 9001 requirements. Alan has many years’ experience with Quality and Integrated Management Systems in the legal, financial, property services and project management sectors in auditing, assessment and gap analysis roles.

    Read more from Alan Field

    Related to ISO 37001

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Approaching Risk from The Boardroom

      Dec 2, 2022

      Looking into risk from the perspective of the boardroom demands a note on the concept of corporate governance itself and the resulting implications. Shareholders are the principals and need to have their rights protected; management is nominated and

      7 min read

    • Article

      The Need To Rethink Risk Governance

      Jul 26, 2021

      The Need To Rethink Risk Governance
      5 min read

    • Article

      Called To Account

      Apr 1, 2020

      Called To Account
      2 min read

    • Article

      A Framework For Risk Governance

      Oct 2, 2023

      A Framework For Risk Governance
      11 min read

    • Article

      The Cycle Of Esg And Compliance

      Feb 11, 2022

      The Cycle Of Esg And Compliance
      4 min read

    • Article

      Esg: Decoding Its Opportunities

      Feb 6, 2023

      There is a new sense of urgency in addressing ESG issues, created in part by the palpable effects of climate change and the social and economic fallout of the COVID-19 pandemic. However, there are many misnomers about what ESG is and it is critical t

      3 min read

    • Article

      Accounting For Sustainability

      Nov 24, 2023

      Accounting For Sustainability
      5 min read

    • Article

      Choosing The Best Fit

      Aug 7, 2020

      all investments have an impact – either positive or negative. A positive impact can be generated deliberately or unintentionally. Selecting the right metrics is an important tenet of the impact measurement and management process. But simply measuring

      2 min read

    • Article

      A Focus on ESG

      Oct 19, 2021

      A Focus on ESG
      2 min read

    • Article

      Survival Of The Fittest

      Aug 7, 2020

      for years, the campaign to hold companies – and not just their shareholders, but the societies and economies in which they operate – more accountable, moved at a modest but resolute pace. This past year, though, theCovid-19 crisis laid bare the neces

      2 min read

    • Article

      Check Out Your Stock's ESG Report Card

      Aug 27, 2021

      Though not exactly page-turners, corporate sustainability reports are must-reads if you want to align your investments with your values. A sustainability report goes beyond traditional financial numbers to highlight a company's environmental, social

      4 min read

    • Article

      Excellence Index 2024

      Dec 22, 2023

      Excellence Index 2024
      2 min read

    • Article

      Excellence Index 2024

      Dec 22, 2023

      Excellence Index 2024
      2 min read

    • Article

      Industry Assurance Schemes

      Dec 16, 2019

      Industry Assurance Schemes
      4 min read

    • Article

      Whistleblowers: What You Need To Know

      Apr 20, 2022

      The term ‘whistleblowing’ often conjures up thoughts of major newsworthy scandal, but in reality, it applies whenever an employee considers there has been serious wrongdoing in or by an organisation. The Protected Disclosures Act 2000 (“the Act”) off

      3 min read

    • Article

      ESG Disclosure Standards Go Global With ISSB Launch

      Nov 5, 2021

      Anyone who has dipped a toe in environmental, social, and governance (ESG) investing knows that there is an alphabet soup of reporting standards aiming to measure corporate adherence to sustainability. Because government regulators have been reluctan

      2 min read

    • Article

      How Do You Know You Are Okay?

      May 27, 2019

      How Do You Know You Are Okay?
      2 min read

    Related categories

    Reviews for ISO 37001

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      ISO 37001 - Alan Field

      Resources

      INTRODUCTION

      What is ISO 37001:2016?

      ISO 37001:2016 is the international standard for anti-bribery management systems (ABMSs) for organisations of all types and sizes, and in all parts of the world, that are committed to anti-bribery policies and controls.

      The predecessor of ISO 37001 is BS 10500:2011. This, of course, is a British standard and although it attracted interest outside the UK, an international standard such as ISO 37001 will have a wider appeal across the globe.

      ISO 37001 has a number of similarities to standards such as ISO 9001:2015, ISO 14001:2015 and ISO 27001:2013. This is because they all provide for a management system structured around ISO’s Annex SL. Those organisations operating to, say, ISO 9001:2015 will find a wide degree of compatibility with the new ISO 37001:2016 in terms of broad approach and structure, e.g. a leadership-based, risk-based and process-based management system.

      However, there are surprisingly few differences in terms of operational requirements between BS 10500:2011 and ISO 37001:2016 if the above structural changes are understood and implemented.

      In short, ISO 37001 specifies a number of anti-bribery policies and procedures that an organisation can establish, implement and maintain in order to prevent bribery from occurring, and to help it to effectively identify and deal with any bribery that does occur.

      What does ISO 37001 mean in terms of corporate policy?

      An ABMS provides a framework for top management and other leadership elements of an organisation to decide upon risk-based objectives in order to minimise the risk of bribery impacting their organisation.

      As with all management systems, it starts with leadership. An ABMS shows that an organisation is serious about legal compliance and that it is doing all it reasonably can to prevent itself from becoming involved in corrupt practices. It presents an ongoing commitment to continual improvement.

      Implementing an ABMS helps organisations to mitigate reputational risk. Normally, the greater the public profile of an organisation, the more it needs to avoid being associated with anything that might be seen to be questionable by the law, regulators, its customers or any other stakeholders.

      Having an ABMS in place does not guarantee compliance with ISO 37001, as an organisation still needs to adapt its culture, ensuring its commitment to anti-bribery is communicated throughout the business and well-practised. Implementing ISO 37001 helps organisations to promote and maintain a compliance approach to anti-bribery standards and laws, while ensuring that the ABMS is appropriate to the size of the organisation and the level of bribery risk it faces.

      Risk-based approach to management

      ISO 37001 follows the structure of Annex SL, which is an ISO document established as the framework for new assessable standards and revisions to existing ones (such as ISO 9001, ISO 14001 and ISO 27001).

      One key element of Annex SL is that process-based management systems should define objectives in accordance with the organisation’s risks and opportunities, whereby the leadership of the organisation decides the key risks and opportunities relevant to the management system.

      The five main differences between ISO 37001 and its predecessor, BS 10500, are, broadly:

      1. A new focus on leadership, through top management and the leadership of the governing body for the ABMS. The term ‘governing body’ needs to be defined in your own organisation. Governance sits above the operational decision making of top management. The following list is not exhaustive, but in the public sector governance might be elected representatives, in a charity it might be its trustees, in a company it might be non-executive directors and/or an external regulatory body, and in a very large group of companies it might be the holding company’s board of directors (supervising the board of its subsidiary).

      2. There is no compliance manager requirement in ISO 37001 (unlike BS 10500). The ABMS is the direct responsibility of top management. However, top management may delegate some aspects of ABMS delivery to what ISO 37001 describes as the anti-bribery compliance function and, in some organisations, this may be a compliance manager.

      3. The introduction of a risk-based approach to process management. This includes a requirement to plan and address actions to tackle risks and opportunities. This is also likely to feed into another new requirement,

      Enjoying the preview?
      Page 1 of 1